Zarin Daruwala, a seasoned banking executive with over 35 years of experience, has been appointed as the Group Chief Executive Officer of PL Capital, the financial services arm of the Prabhudas Lilladher Group.
Her appointment, effective October 13, 2025, marks a significant milestone in the company’s plans to expand across multiple financial services verticals.
Prior to joining PL Capital, Daruwala served as the CEO of Standard Chartered Bank for India and South Asia from 2016 until her retirement in April 2025.
During her tenure, she transformed the bank’s operations, focusing on wealth management and corporate banking to align with India’s growing affluence.
Under her leadership, Standard Chartered India became one of the group’s top-performing markets, achieving sustained growth and operational excellence.
At PL Capital, Daruwala is expected to lead the company’s expansion across broking and distribution, institutional equities, investment banking, corporate advisory, private credit, wealth management, and asset management services.
Her appointment is seen as a strategic move to strengthen the firm’s position in India’s financial services sector and to drive its ambitious growth and diversification plans.
Amisha Vora, Chairperson and Managing Director of PL Capital, described Daruwala’s appointment as a defining moment for the company.
Vora emphasized that Daruwala’s extensive experience and strategic vision will be instrumental in building an enduring, institutionally governed organization that combines heritage and trust with scale and capability.
Daruwala expressed enthusiasm for her new role, highlighting PL Capital’s strong foundation, deep market knowledge, and client-first ethos.
She said she is energized by the vision to create a future-ready financial services platform that delivers innovation, value, and impact. Daruwala also noted her eagerness to collaborate with the leadership team to shape the next era of growth for the company.
Industry analysts view Daruwala’s appointment as a significant step for PL Capital, signaling the firm’s commitment to scaling its businesses while investing in technology, talent, and innovative solutions.
With her extensive expertise in corporate and retail banking, governance, and strategic leadership, Daruwala is expected to play a key role in positioning PL Capital as a leading financial services platform in India and beyond.
Her appointment underscores the company’s focus on transformative growth, reinforcing its strategy to leverage market opportunities, enhance client offerings, and strengthen its competitive position across all business verticals.
Also Read: Amazon Crosses US$20 Billion in Exports From India